What are the tax percentage differences you must pay on Short term & long term dividends, captial gains and interest? Also i made in capital gains this year around 160k so the 2k i invested in my reg ira is not deductible anyway, cause my AGI phased me out? Thanx
[[What are the tax percentage differences you must pay on Short term & long term dividends, captial gains and interest? Also i made in capital gains this year around 160k so the 2k i invested in my reg ira is not deductible anyway, cause my AGI phased me out? Thanx]]Sorry, but I'm not sure that I understand your question. Dividends are dividends. There is no short/long term designation. Dividends are taxed at your normal "marginal" tax rate..whatever that might be for you. Interest works the same way.Capital gains have special tax treatment. You can read more about the special preferred tax rates on long term capital gains in the Taxes FAQ area. There is a post there on that very issue. In addition, we discuss the preferred tax treatment of long term capital gains in the TMF Investment Tax Guide. You might want to check it out.TMF TaxesRoyWant to learn more about taxes and investing? Then we have a deal for you!! The Motley Fool Investment Tax Guide is now available through Fool Mart. Be the first one on your block to own this masterpiece. It'll help you with your 1998 taxes, and it's never to early to start planning for your 1999 taxes. So just click on this link (http://www.foolmart.com/market/product.asp?pfid=MF+013+I) to read more about this amazing collection of tax information. (Apologies for the shameless plug…but it is a pretty good book…if I do say so myself). In addition, if you would like to visit the Taxes FAQ (Frequently Asked Questions) area, click on http://www.fool.com/school/taxes/taxes.htm and you'll be right at the home page. Check it out. Finally, if you need to get to the IRS web site, click on http://www.irs.ustreas.gov to go directly there.
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